Questions And Answers Written Correctly
Accountable Care Organizations (ACOs) are built on the premise that: - 100%answer
<<<<<💕💕💕✔✔It is based on that groups of providers come together and take responsibility for
delivering care to a defined patient population.
Bad debt in health care finance is defined as: - 100%answer <<<<<💕💕💕✔✔The health care bills
for service but received no payment. These operating expenses are based on charges, not cost, and are
written off by the organization. This term is usually used with for-profit organization.
CMI is an acronym that stands for: - 100%answer <<<<<💕💕💕✔✔Center for Medicare and
Medicaid Innovation.
Capital budget may include all of the following EXCEPT - 100%answer <<<<<💕💕💕✔✔-Land
acquisition
-Facility construction, acquisition, renovation.
-Routine capital equipment used in clinical areas.
-Information technology infrastructure and upgrades.
-Acquisition of staff physicians
Charge setting is controlled by: - 100%answer <<<<<💕💕💕✔✔Individual healthcare managers
and large organizations
Charity care is - 100%answer <<<<<💕💕💕✔✔Organization provides care, knowing the patient
will be unable to pay.
, Current assets may include - 100%answer <<<<<💕💕💕✔✔It is inventory, cash on hand, account
receivable, and other such items that can be converted into cash in less than one year.
For-profit health care organizations are usually owned by: - 100%answer
<<<<<💕💕💕✔✔Owned by investors or others who have an interest on making a profit from the
service that are provided.
Health care financial management involves - 100%answer <<<<<💕💕💕✔✔-Working to increase
the revenues and decrease the costs of the organization.
-Making organizational forecasts, while taking into consideration numerous external environmental
variables
-Has the goal of the finance department to put the organization in the best position possible.
Physician reimbursement through Medicare will eventually be: - 100%answer
<<<<<💕💕💕✔✔Resource-Based Relative Value Scale (RBRVS) system pays a prospective flat fee
for physician visit and is based on Healthcare Common Procedure Coding System (HCPCS) that uses CPT
codes.
-will allow physicians to pay increase over the next five years.
Primary sources of working capital include all of the following EXCEPT: - 100%answer
<<<<<💕💕💕✔✔Include
-Permanent working capital.
-Net income, or profits.
-Temporary working capital
Setting prices in health care organizations involves consideration of all the following Except -
100%answer <<<<<💕💕💕✔✔Setting prices include:
-State and Federal laws and regulations
-The Joint Commission and other accrediting body regulations.
- Antitrust and other fair-pricing laws
- Profit-oriented pricing